The asking price of £375,000 requires consideration of several factors. While Jesmond is a premium location, the property’s condition significantly impacts its value. The need for extensive renovations means that the price represents a significant investment beyond the initial purchase cost. The lack of comparable sold prices in the same condition complicates a precise assessment. However, when considering the property’s size (2,533.72 sqft), the price may seem reasonable for the land and location if the buyer is prepared to handle significant renovation.

The provided photographs reveal a property in need of significant modernisation and renovation. Outdated fixtures, worn carpets, damaged walls, and a generally neglected appearance warrant a low condition score. While the property’s structure appears sound, the extensive refurbishment required lowers the score considerably. The kitchen and bathrooms appear particularly dated and require complete updating.

Jesmond is a highly desirable area in Newcastle upon Tyne, known for its excellent schools, proximity to amenities, and green spaces like Jesmond Dene. The property’s location on Manor House Road places it within easy reach of these benefits, contributing to a high location score. Several highly-rated schools are within walking distance, making it attractive to families. The area’s popularity and established infrastructure further bolster the location score.

The property has a small yard, not a substantial garden. While it provides some outdoor space, its limited size and unkempt appearance justifies a low land score. The lack of detailed plot size information further restricts the score.